A major move is in the offing as TeraWulf Inc (WULF) market cap hits 2.81 billion

TeraWulf Inc (NASDAQ: WULF) kicked off on Monday, down -1.95% from the previous trading day, before settling in for the closing price of $7.18. Over the past 52 weeks, WULF has traded in a range of $1.01-$9.30.

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During the last 5-year period, the sales growth of Financial Sector giant was 46.70%. While this was happening, its average annual earnings per share was recorded 56.79%. With a float of $285.13 million, this company’s outstanding shares have now reached $385.91 million.

Let’s determine the extent of company efficiency that accounts for 10 employees. In terms of profitability, gross margin is 41.36%, operating margin of -29.22%, and the pretax margin is -47.07%.

TeraWulf Inc (WULF) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of TeraWulf Inc is 26.11%, while institutional ownership is 43.99%. The most recent insider transaction that took place on Jun 07 ’24, was worth 227,137. In this transaction Chief Acct Officer + Treasurer of this company sold 69,996 shares at a rate of $3.25, taking the stock ownership to the 337,245 shares.

TeraWulf Inc (WULF) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 56.79% per share during the next fiscal year.

TeraWulf Inc (NASDAQ: WULF) Trading Performance Indicators

Take a look at TeraWulf Inc’s (WULF) current performance indicators. Last quarter, stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.88.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.06 in one year’s time.

Technical Analysis of TeraWulf Inc (WULF)

Looking closely at TeraWulf Inc (NASDAQ: WULF), its last 5-days average volume was 28.63 million, which is a jump from its year-to-date volume of 21.23 million. As of the previous 9 days, the stock’s Stochastic %D was 26.00%. Additionally, its Average True Range was 0.74.

During the past 100 days, TeraWulf Inc’s (WULF) raw stochastic average was set at 65.55%, which indicates a significant increase from 33.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 127.83% in the past 14 days, which was higher than the 111.12% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.55, while its 200-day Moving Average is $3.75. However, in the short run, TeraWulf Inc’s stock first resistance to watch stands at $7.49. Second resistance stands at $7.95. The third major resistance level sits at $8.28. If the price goes on to break the first support level at $6.70, it is likely to go to the next support level at $6.37. Should the price break the second support level, the third support level stands at $5.91.

TeraWulf Inc (NASDAQ: WULF) Key Stats

The company with the Market Capitalisation of 2.81 billion has total of 385,908K Shares Outstanding. Its annual sales at the moment are 69,230 K in contrast with the sum of -73,420 K annual income. Company’s last quarter sales were recorded 35,570 K and last quarter income was -10,880 K.